Leung Nisa 4

What Happened Nisa Leung, a director of Zai Lab Ltd (ZLAB), was granted 22,371 American Depositary Shares (ADSs) on 2026-06-17 as an award (transaction code A). The filing reports an acquisition price of $0 (total reported value $0). Per the filing, each ADS represents 10 ordinary shares, so the award equals 223,710 ordinary shares. The shares are restricted and vest in full on June 17, 2027, subject to Leung’s continued board service.

Key Details

• Transaction date: 2026-06-17; Form 4 filed 2026-06-22 (appears late — Form 4s are typically due within two business days of the transaction).
• Transaction type/code: Award/Grant (A); reported price: $0.
• Quantity: 22,371 ADSs (equivalent to 223,710 ordinary shares; F1).
• Vesting: Restricted shares vest in full on 2027-06-17 subject to continued service (F2).
• Shares owned after transaction: Not specified in the filing.
• This is a compensation award (not an open-market purchase or sale) and does not indicate an immediate market transaction.

Context Restricted ADS awards are typically used for compensation and retention; they do not provide immediate liquidity and generally vest over time (here, a one-year cliff). Because this was a grant, it’s informational about insider compensation rather than a direct buy/sell signal.